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Before the pandemic, DBS had relentlessly leveraged emerging technologies to help SMEs, especially micro and small enterprises, streamline services and manage credit risk. Of its loans to corporations and SMEs, 72% are subjected to social, environmental, and climate-riskanalysis, in line with international best practices.
As reported, the new offering lets banks’ data scientists leverage the Feedzai platform’s algorithm models, or use external third-party tools that can be imported onto that platform. The FI that leverages such a holistic view, once the relationship is established, also has the advantage of constructing a tech-based history with that customer.
Within this still emerging socio-economic framework, it’s constructive for credit executives to re-examine from a holistic perspective how they manage risk. For example, financial risks do not occur in a vacuum. And sometimes, the combination of multiple events can be the cause of a heightened risk level.
However, compared to other regions, Latin America is uniquely positioned to leverage its natural riches to become a focal point of economic opportunity through green solutions at comparatively lower transition costs—if it manages to accelerate locally as well as regionally coordinated efforts. trillion in the decade ending in 2019: a 47.9%
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